Our currency is being debased

'Obama raised my grocery prices by 30 percent.” I made that statement to Dr. Ben Carson as I was getting my photo op with him in his book signing tour around Iowa. He questioned, 'Only 30 percent?” My answer was 'During his first term.” I was pleased to think that he understands.

A 30 percent increase in price levels is a conservative figure as Glenn Beck of Blaze network named a number of items that increased from 25 percent to 41 percent at that time.

We remember that President Barack Obama spent $5 trillion that we didn't have in his first term. That became a form of currency. That pumped $5 trillion in new currency into the system devaluing currency by a tremendous amount. Price levels had to go up. It's a natural phenomenon of the marketplace that we can't control. Our currency is being debased. Price levels reflect the amount of currency in the system. We need to reflect upon this so that we can straighten out our politicians thinking. As a nation's currency goes up, so goes the nation.

You might say that the consumer price index doesn't reflect higher prices. Let me remind you that over time the CPI is altered to reflect the shoppers buying habits. The changing of the formula is what is reflecting our lowering standard of living.

A vote for a Democrat is a vote for increased cost of living in higher price levels and in the long run, a lowered standard of living.

Dean Ledvina

Chelsea